What is the procedure for Byrider franchisees to add a new part to inventory?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
Page Rev. 02/24/2022 Chapter 3 – Inventory Management Purpose 3.1 The inventory management process 3.1 Assessing inventory needs 3.3 Understanding your customer base 3.3 Days of supply 3.3 When to buy 3.4 Inventory mix 3.4 Establishing Inventory Control and Sales Standing Boards goals 3.4 PROCEDURE: Establish store goals – inventory mix 3.4 The role of the buyer 3.7 Identify the inventory source 3.8 Purchasing the inventory 3.9 STANDARD: Byrider Minimum Vehicle Standards 3.9 STANDARD: Title status of vehicles 3.9 PROCEDURE: Accessing the Orangebook 3.11 Byrider's Buyers App 3.13 Buyer's Auction Log 3.13 BEST PRACTICE: The Buyer's Auction Log 3.13 PROCEDURE: Completing the Buyer's Auction Log 3.14 New Vehicle Check In Sheet 3.16 BEST PRACTICE: The New Vehicle Check In Sheet (NVCIS) 3.16 PROCEDURE: Completing the New Vehicle Check In Sheet in Discover 3.16 Vehicle Check In at Lot 3.18 Vehicle recalls 3.18 Entering and tracking inventory in Discover 3.19 Add a vehicle to the inventory 3.19 PROCEDURE: Adding a vehicle to inventory 3.21 PROCEDURE: Locating a vehicle in the Vehicle Module using the "Inventory" tab 3.35 PROCEDURE: Locating a vehicle in the Vehicle Module using the "Search" tab 3.38 PROCEDURE: Generating/printing the Mechanic's and Detailer's Checklists & Buyers Guide 3.40 The Inventory Control Board and reconciling vehicle inventory 3.42 BEST PRACTICE: Maintenance of the Inventory Control Board in the Sales Department 3.42 PROCEDURE: Reconciling vehicle inventory and maintaining the Inventory Control Board 3.43 STANDARD: Retail vehicle pricing 3.43 Create the deal jacket 3.45 BEST PRACTICE: Copy of title for purchased vehicle 3.45 BEST PRACTICE: Titles for inventory 3.45 Service manager's inventory responsibilities 3.46 BEST PRACTICE: Keys for vehicles 3.46 STANDARD: Reconditioning of vehicles 3.46 BEST PRACTICE: Repair approval 3.47 Vehicle Lot-ready Report 3.48 Displaying the vehicles – "The lot line up" 3.48 Daily Driving Log 3.49 BEST PRACTICE: Driving the inventory 3.49 Vehicle inventory management-inventory stats 3.50 BEST PRACTICE: Age of trade in vehicle inventory 3.51 Vehicle inventory management-wholesaling 3.52 Managing aging sales lot vehicles 3.53 PROCEDURE: Discounting a sales lot vehicle's Suggested Sales Price 3.53 Vehicle inventory management – back-offs 3.55
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
The 2025 Byrider Franchise Disclosure Document (FDD) provides a detailed overview of inventory management procedures. Specifically, it mentions 'Entering and tracking inventory in Discover' and 'Add a vehicle to the inventory' as key steps in the process.
According to the FDD, franchisees should refer to section 3.19 for entering and tracking inventory and section 3.21 for the procedure on adding a vehicle to the inventory. These sections likely outline the specific steps and software (Discover) used to manage the inventory effectively.
While the FDD excerpt highlights the existence of procedures for adding vehicles to inventory, it does not provide the step-by-step instructions. A prospective franchisee should review Chapter 3 of the operations manual and ask Byrider for a detailed walkthrough of the inventory management system, including how to account for new parts, manage stock levels, and integrate with the overall accounting system.